EasyJet Q1 revenue increased 14.4%
This is a 6.6% increase in revenue per seat at constant currency, a strong increase in ancillary revenue as well as a benefit from foreign exchange.
The number of passengers carried increased by 8% to 18.8 million, driven by a growth in capacity of 5.5% to 20.4 million seats and load factor increasing by 2.1 percentage points to 92.1%.
EasyJet has seen a positive trading environment based on the strength of its network and customer proposition, capacity reductions and lower growth in easyJet markets, in particular as a result of the bankruptcies of Monarch, Air Berlin and Alitalia as well as the impact from Ryanair’s flight cancellations.
Ancillary revenue continues to perform well, increasing by 20% to £226.3 million (2017: £188.0 million).
The momentum from last year’s product and pricing initiatives, particularly for Bags and Allocated Seating, is continuing into this year and benefitting from both higher loads as well as further product offerings brought to market. ■